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Enterprise Asset Management Market: Mitigating Interruptions to Propel 8.2% CAGR by 2031 | SkyQuest Technology

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WESTFORD, Mass., July 26, 2024 /PRNewswire/ — According to SkyQuest, the global Enterprise Asset Management Market size was valued at USD 3.92 Billion in 2022 and is poised to grow from USD 4.21 Billion in 2023 to USD 7.74 Billion by 2031, at a CAGR of 8.2% during the forecast period (2024-2031).

Enterprise asset management is remarkably driven by technological improvements and innovations. The current progression of enterprise asset management is addressing several businesses that are going through transforming scenes, targeting to fulfil for growing demand of dynamic of interlinked and dynamic worldwide environment. The speedy technological improvements of the modern digital world have significantly impacted asset management and operations handling strategies of industries.

The increasing adoption of IoT in most industries has noticeably enhanced the tracking systems for the assets of enterprises. Hence, the incorporation of IoT in enterprise asset management solutions offers better detection and control variations, leading to improved market scenarios in the past years. Moreover, drone-based enterprise solutions and advancements in AI are projected to majorly transform the enterprise asset management market.

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Enterprise Asset Management Market Overview:

Report Coverage

Details

Market Revenue in 2023

USD 4.21 Billion

Estimated Value by 2031

USD 7.74 Billion

Growth Rate

Poised to grow at a CAGR of 8.2%

Forecast Period

2024–2031

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Offering, Application, Organization Size, Vertical, and Region

Geographies Covered

North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Expanding Adoption of Micro-Enterprise and Cloud-Based Architecture in Enterprise Asset Management

Key Market Drivers

Introduction of Technologies that offer Competitive Edge

Segments covered in Enterprise Asset Management Market are as follows:

OfferingSolution, Services (Professional Services [Planning & Consultation, Training & Education, and Support & Maintenance], Managed Services)ApplicationAsset Lifecycle Management, Inventory Management, Work Order Management, Labor Management, Predictive Maintenance, Facility Management, OtherOrganization sizeSmall and Medium-sized Enterprises, Large EnterprisesVerticalManufacturing (Heavy machinery manufacturing, Discrete manufacturing & Process manufacturing), Energy and Utilities (Power Generation, Renewable Energy and Oil- Gas Exploration & Production), Healthcare and Life Sciences (Hospitals & Clinics, Pharmaceutical Companies, Medical Device Manufacturers & Others), Transportation and Logistics (Fleet Management, Warehouse Management System, Distribution Equipment System & others), IT & Telecommunications (Telecom infrastructure, Network operation & Data centers), Government and Public Sector (Infrastructure management, Public works & Municipal services), Education (Education facilities & Research institutions), Others.

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Solution Segment to Lead on the back of Increasing Need for Strong and Cost-Effective Solutions by Companies

By offering, the solution segment dominated the enterprise asset management market in the past years. Since numerous companies are looking forward to adopting improved solutions, they are also desiring budget-friendly and strong systems for managing enterprise assets. This trend is projected to boost the segment growth in the coming years. The demand for enhanced EAM is projected to increase substantially to avoid errors in systems and detect and foresee them. To control expenses and spend less on repairs and maintenance, most enterprises are heavily adopting EAM systems.

The services segment is projected to be the fastest growing and will continue to lead with a notable CAGR. The key reason behind the growth of the segment is attributed to the growing need for experts who will efficiently handle and manage the growing number of services in the past years. Hence, both services as well as the solutions segment are propelling the market growth.

Asset Lifecycle Management Domain to Rule the Market Due to Increased Benefits of the Software

By Application, asset lifecycle management dominated the market in the past years owing to rising demand for asset lifecycle management software solutions. The software helps with proper planning, scheming or designing, and finishing numerous projects that were not possible due to its complex nature. Asset lifecycle management also supervises operations and maintenance. This will ultimately support the growth of the segment, thereby driving the market growth.

The time spent on the numerous processes and the number of errors made are considerably lessened with the help of the EAM system. Moreover, inventory management is the fastest-growing segment and is expected to grow flourishingly in the coming years. The solution offers important information about the use of components and the price of the components.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/enterprise-asset-management-market

Growing Demand for Improved EAM Systems to Propel the Large Enterprises Segment

By organization size, the large enterprises segment registered for a majority share of the market since they can spend enough money to invest in EAM systems, which will eventually amplify the adoption of these systems in the large businesses.

Nonetheless, the small and medium-sized enterprises segment is expected to be the fastest growing in the years to come. The growing trend of adoption of EAMs in these businesses is mostly observed in emerging and underdeveloped economies. Hence the forthcoming years will see increased adoption of EAMs that will help small and medium-sized businesses to take full advantage of the software and tools of EAMs.

Enterprises Increasingly Adopting the Trends to Further Contribute the Market Progress

The emerging trend in the market is denoting a changing world that is making the best use of technology to enhance the performance of assets, encourage sustainability, and reduce operational costs. Organizations are embracing these trends and technologies, which will help them to address the new complexities of asset management in a better way and arrange the organization for progress in a changing landscape. Welcoming these improvements will not just assure higher operational efficacy and control costs, but also support in inclining towards sustainability, offering strategic benefit in the current changing business scenario.

Related Report:

Healthcare Asset Management Market

Asset Management Market

Crypto Asset Management Market

Identity And Access Management (IAM) Market

Facility Management Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

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Ring in 2025 with Solitaire Grand Harvest’s New Year Celebration featuring Snoopy

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Snoopy and the Peanuts Gang Are Highlighted in an Exclusive In-Game Experience Filled with Nostalgia, Prizes, and Fun!

HERZLIYA, Israel, Dec. 29, 2024 /PRNewswire/ — This New Year, Solitaire Grand Harvest is bringing joy, nostalgia, and a bit of winter magic with everyone’s favorite beagle, Snoopy,! Starting December 29, players can experience Snoopy, Woodstock, and the Peanuts gang in a special month-long event that’s bound to bring back cherished memories while adding a little sparkle to your solitaire game.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/playtika/9222155-en-solitaire-grand-harvest-featuring-snoopy

Solitaire Grand Harvest, the #1 highest-grossing solitaire game in the U.S.**, is transforming into a Peanuts-themed winter wonderland just in time to ring in 2025. Whether you’re sipping cocoa by the fire or counting down to midnight, the Peanuts® takeover will warm your heart and make every win feel a bit more magical.

Starting December 29, players will discover Snoopy and his Winter Fair Collection, featuring charming in-game mini-games and exclusive prizes inspired by the classic Peanuts characters. But the fun doesn’t stop when the ball drops! Between January 1-12, players may add Snoopy and Woodstock to their collection, alongside their in-game special pet companions, making it a New Year’s celebration that keeps on giving. Players get to keep their favorite characters with them forever with the permanent in-game Snoopy collection.

Roi Glazer, General Manager of Solitaire Grand Harvest, shared his excitement, saying:
“Snoopy has been a beloved part of so many of our lives for generations. This partnership with Peanuts allows us to combine the nostalgia of Snoopy with the excitement of Solitaire Grand Harvest in a way that brings joy to our players during the New Year celebration.”

Scott Shillet, Vice President of Global Hardlines at Peanuts, said:
“We are thrilled to bring Snoopy and the beloved Peanuts gang to Solitaire Grand Harvest, allowing us to continue our mission of spreading joy through new and engaging experiences. By integrating our timeless characters into the game, our fans will find fresh ways to connect with Peanuts while enjoying the fun world Solitaire Grand Harvest has to offer.”

Solitaire Grand Harvest is available to download for free on the App Store and Google Play (in-app purchases available). To follow along, visit Solitaire – Grand Harvest on Facebook and on Instagram.

About Solitaire Grand Harvest®
Solitaire Grand Harvest is the top Solitaire game in the U.S.**, with hundreds of thousands of daily players across multiple platforms. Solitaire Grand Harvest, developed by Supertreat GmbH, allows its community to experience the fun side of farming as they grow and harvest crops, build and design their personal farm and progress through thousands of challenging Solitaire levels. The game provides high value content, and players are exposed to new features and provided with the opportunity to connect with other members of the Solitaire Grand Harvest community online.

About Playtika
Playtika Holding Corp. (NASDAQ: PLTK) is a mobile gaming entertainment and technology market leader with a portfolio of multiple game titles. Founded in 2010, Playtika was among the first to offer free-to-play social games on social networks and, shortly after, on mobile platforms. Headquartered in Herzliya, Israel, and guided by a mission to entertain the world through infinite ways to play, Playtika has employees across offices worldwide.

**According to App Annie, Solitaire Grand Harvest is the highest-grossing Solitaire game in the U.S. based on in-app purchases, from January 2024October 2024.

About Peanuts
The characters of Peanuts and related intellectual property are owned by Peanuts Worldwide, which is 41% owned by WildBrain Ltd., 39% owned by Sony Music Entertainment (Japan) Inc., and 20% owned by the family of Charles M. Schulz, who first introduced the world to Peanuts in 1950, when the comic strip debuted in seven newspapers. Since then, Charlie Brown, Snoopy and the rest of the Peanuts gang have made an indelible mark on popular culture. In addition to enjoying beloved Peanuts shows and specials on Apple TV+, fans of all ages celebrate the Peanuts brand worldwide through thousands of consumer products, as well as amusement park attractions, cultural events, social media, and comic strips available in all formats, from traditional to digital. In 2018, Peanuts partnered with NASA on a multi-year Space Act Agreement designed to inspire a passion for space exploration and STEM among the next generation of students.

View original content:https://www.prnewswire.com/news-releases/ring-in-2025-with-solitaire-grand-harvests-new-year-celebration-featuring-snoopy-302338478.html

SOURCE Playtika Holding Corp.

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Science and Technology Daily: Tech with Heart AI for Good AI with a Human Touch

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BEIJING, Dec. 29, 2024 /PRNewswire/ — In 1949, pioneering computer scientist Edmund Callis Berkeley envisioned a future filled with thinking machines in his book Giant Brains, or Machines That Think. Decades later, his vision has become a reality with artificial intelligence (AI) reshaping industries, societies and daily lives.

 

The progress however, is far from straightforward. While AI excites people with its potential, it also raises questions about ethics, safety and its impact on human life.

Recently, Science and Technology Daily hosted a panel discussion, “Tech with Heart, AI for Good”, on how AI empowers life and bridges human limitations but also needs guard rails to ensure it remains under control.

Omnipresent AI

AI is reshaping the way we live, work and interact with the world. For Zeng Yi, a professor at the Institute of Automation, Chinese Academy of Sciences and an expert of the United Nations’ high-level advisory body on AI, the motivation to advance AI technology lies in its potential to liberate humans from repetitive and labor-intensive tasks.

“Combining AI with robotics allows us to redirect human energy toward more creative and meaningful pursuits,” Zeng said. He highlighted how AI-powered robots are stepping into hazardous fields such as firefighting, disaster relief and space exploration. Lunar rovers equipped with advanced AI capabilities are conducting complex analyses on the moon’s surface — tasks too risky for human scientists.

Besides industrial applications, AI is making a significant impact on environmental conservation such as tracking wildlife.

AI’s potential extends into our everyday lives as well. Gao Shaolin, an expert at Peking University Law and Artificial Intelligence Research Center, mentioned a recent road trip during which he drove 3,000 kilometers on highways without coming across a single traffic accident.

“This is extraordinary,” Gao said, attributing the improvement to advancements in AI-driven safety features in modern vehicles.

From fatigue-monitoring systems in trucks to self-driving technologies in electric cars, these innovations are drastically reducing the likelihood of accidents.

However, both Zeng and Gao agreed that AI should not aim to replace humans but rather enhance human expertise and efficiency. AI can amplify human capacity, leaving room for creativity and innovation.

Responsible AI

As AI continues to evolve, responsibility becomes a critical issue. Zeng quoted Berkeley, who wrote, “It is often easier for scientists to create a device than to guide it well afterward.” Berkeley urged innovators to think beyond breakthroughs and address potential risks.

The question of accountability becomes central. Who will be responsible for any problem caused by AI? “AI is not an independent legal entity,” Gao emphasized, pointing out that current AI systems are tools rather than autonomous entities. The responsibility for their actions lies squarely with their developers, service providers and users.

“AI should be as intelligent as necessary, but it must remain under human control,” Gao stressed. As Zeng put it, “The key is ensuring AI coexists harmoniously with humans, not as a competitor but as a collaborator.”

Wu Baojun, executive deputy secretary-general of the Association for Science and Technology of the University of Chinese Academy of Sciences, said the rapid advancement of AI must be accompanied by efforts to ensure its reliability and safety within ethical frameworks.

“Our research in AI,” Wu said, “aims to explore unknown territories, eliminate human fears and make AI more reliable.”

Reliable AI

China has consistently demonstrated a forward-thinking approach to AI development, balancing technological innovation with social and ethical considerations.

As Matt Sheehan from the Carnegie Endowment for International Peace wrote in an article, “China is in the midst of rolling out some of the world’s earliest and most detailed regulations governing artificial intelligence.”

In 2017, China released the Next Generation Artificial Intelligence Development Plan to encourage diverse AI methodologies, such as deep learning, knowledge-based reasoning and large-scale modeling. The plan also emphasized ethical governance, with over a dozen references to social and legal challenges.

In May 2019, it was followed by the Beijing AI Principles, which set out clear guidelines for AI research and development, advocating respect for privacy, human dignity and human rights.

These visions were strengthened in July 2024 when the 78th UN General Assembly unanimously adopted a resolution proposed by China and co-sponsored by over 140 countries. The resolution emphasized the human-centered development of AI, international cooperation, and promotion of AI to benefit humanity as a whole.

Zeng said China’s AI strategy reflects a responsible and inclusive approach: “China’s AI development strategy is not limited to promoting domestic economic growth. They aim to empower humanity and promote sustainable development goals.”

Shared AI principles

AI governance has become a global priority with nations striving to ensure that technology develops responsibly and inclusively.

“We analyzed global AI ethics guidelines and found that 95 percent of the topics are consistent across countries. Concepts like human-centered development, transparency, fairness, safety and privacy protection are widely endorsed,” Zeng said, adding that nations worldwide largely agree on the foundational principles for AI ethics and governance.

In 2023, the Bletchley Declaration on AI safety was signed by 28 countries and the European Union. This marked the first broad agreement on the importance of AI safety as a global issue. In 2024, the UNESCO Recommendation on the Ethics of Artificial Intelligence was adopted unanimously by all member states, which is another example of the global consensus.

China is playing an active role in promoting international cooperation on AI governance. “AI must empower all nations, not just the technologically advanced ones. We should guide AI for good with collective efforts and shared responsibilities,” Gao said.

Executive Producers: Wang Junming, He Yi

Producer: Fang Linlin

Reporters: Long Yun, Zhong Jianli, Gong Qian

Subtitle Proofreaders: Wang Jing, Cen Yingjie

Video Editing Instructor: Wang Xiaolong

AI Technology Advisor: Liu Yang

Cameramen: Liu Xiao, Li Huitao, Li Tianji

Video Editor: Zhang Shunping

Reviewer: Fang Linlin

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SOURCE Science and Technology Daily

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ZT Mining Pioneers Innovative Solutions in the Cloud Mining Industry

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ZT Mining launches user-friendly cloud mining services with free options, renewable energy integration, and educational resources, promoting sustainable cryptocurrency mining.

READING, England, Dec. 28, 2024 /PRNewswire-PRWeb/ — As the cryptocurrency industry grows, the demand for accessible and efficient mining solutions has never been higher. ZT Mining, a leading innovator in cloud mining, announces a new range of services designed to democratize access to cryptocurrency mining while addressing environmental concerns.

free cloud mining site, best cloud mining, crypto mining

Cloud Mining Made Simple

ZT Mining provides a platform for users to mine Bitcoin and other cryptocurrencies without the need for specialized hardware or technical expertise. By simplifying the process, the company caters to a broad audience, from crypto enthusiasts to first-time investors. Its streamlined registration and user-friendly interface allow participants to start mining in minutes.

Free Cloud Mining Option for Starters

The platform introduces free cloud mining opportunities, enabling users to begin their mining journey without upfront costs. This initiative lowers barriers to entry, making it easier for individuals to explore the cryptocurrency space.

Sustainability at the Core

Recognizing the environmental impact of traditional mining, ZT Mining incorporates renewable energy into its operations. By leveraging green energy sources, the company reduces its carbon footprint, aligning with global sustainability goals.

A Trusted Name in Cloud Mining

ZT Mining emphasizes transparency and reliability. Contracts come with clear terms, competitive rates, and no hidden fees. The platform also offers robust security measures, ensuring user data and funds remain protected.

Empowering Users Through Education

To support informed decision-making, ZT Mining provides educational resources on cryptocurrency and cloud mining. Users can access guides and insights to better understand mining profitability and industry trends.

Industry Recognition

ZT Mining’s innovative approach has positioned it as one of the best cloud mining platforms in the industry. With endorsements from leading crypto analysts and positive user feedback, the company is quickly becoming a trusted name for mining solutions.

Looking Ahead

ZT Mining continues to innovate, aiming to provide even more opportunities for users to benefit from cloud mining. With plans to expand its renewable energy partnerships and introduce advanced mining algorithms, the company is setting the standard for sustainable and user-friendly cryptocurrency mining.

For more information, visit ZT Mining’s official website.

Media Contact

Nancy Delia, ZT CLOUD SERVICES LIMITED, 44 7301463290, nancy.delia@ztmining.com, https://ztmining.com

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SOURCE ZT CLOUD SERVICES LIMITED

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